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FOREX BAT ATR + Fibo

Forex Strategy BAT ATR + Fibo

Forex Strategy BAT ATR + Fibo - a simple break-trade system, something similar to the Forex Strategy The Bat (Die Fledermaus) ; basis it on the display Bat ATR and important Fibonacci levels, the currency pair - any recommended timeframe - 15 minutes (M15) and the above

On the schedule for the chosen currency pair set:

1) LED BAT ATR v1.ex4 (ATRPeriod - 1, Factor - 6, BackPeriod - 100000) - you can download it at the end of forex strategy.

2) Fibonacci tool with the following levels:

  • 0 - 0

  • 0.5 - STOP-LOSS

  • 0.618 - LIMIT-ORDER

  • 1 - DEFERRED STOP-ORDER

  • 1.382 - changes in the breakeven

  • 1.618 - TP1

  • 2 - TP2

  • 2.618 - TP3

Terms of the deal to buy at the strategies forex BAT ART + Fibo:

1. Price breaks green line indicator BAT ATR v1.ex4 and it changes its color to red and a price jump .

2. After the close of the first candle after the breakdown of Atr, build Fibonacci - from point 1 to point 2 (the nearest local minimum).

3. Set 2 pending orders (equal to the lot - for example 1.0) Buy Stop by 2-3 points higher than point 1 (level - pending STOP - order)

4. At the level of Limit - order a set order - Buy Limit (the same amount - a lot).

5. Stop-loss for all 3 positions place on 1-5 points below the level of STOP-LOSS.

6. Take-profits for each position, set the following levels:

  • Limit-Order - at TP1

  • and TP2 and TP3 - respectively the 2nd and 3rd order Buy Stop.

7. Once the price reaches the level of changes in the breakeven - all 3 orders swap to zero (ie the purchase price - for this will limit the level of point 3, and buy-stops - the level of the point 1).

8. As soon as the two orders were closed at the levels of TP 1 and TP 2, move the stop-loss on the 3rd level to warrant TP1.

Strategiya forex BAT ART + Fibo

In Figure 1 you see the ideal (3 orders were open - and 2 limit stop and buy all of them are closed on three take-profit). In fact, not always open three warrants, sometimes is not zadeytsvovan limit order or it will be closed by stop-loss (which is very small in this case).

If the price level after breaking through the green line does not roll back down the ATR to the close of the candle, and the next candle opens above the close of the candle penetration at the point 1 - should conclude two deals to buy at market price - usually it says enough a strong uptrend and it is quite possible that the price has not come back to a limit order.

Transactions on SALE forex strategy BAT ART + Fibo:

1. Price breaks red line indicator BAT ATR v1.ex4 and it changes its color to green and jumps higher than the price .

2. After the close of the first candle after the breakdown of Atr, build Fibonacci - from point 1 to point 2 (the nearest local minimum).

3. Set 2 pending orders (equal to the lot - for example 1.0) Sell Stop by 2-3 points lower than point 1 (level - pending STOP - order)

4. At the level of Limit - order a set order - Sell Limit (the same amount - a lot).

5. Stop-loss for all 3 positions place on 1-5 points above the level of STOP-LOSS.

6. Take-profits for each position, set the following levels:

  • Limit-Order - at TP1

  • and TP2 and TP3 - respectively the 2nd and 3rd order Sell Stop.

7. Once the price reaches the level of changes in the breakeven - all 3 orders swap to zero (ie the sale price - for this will limit the level of point 3, and for a sell-stops - the level of the point 1).

8. As soon as the two orders were closed at the levels of TP 1 and TP 2, move the stop-loss on the 3rd level to warrant TP1.

Torgovaya Forex Strategy BAT ART + Fibo

If the price level after breaking through the red line, ATR does not roll back up to the close of the candle, and the next candle opens below the breakout candle closing at 1 - 2 should conclude a deal to sell at market price - usually says enough a strong down trend and it is quite possible that the price has not come back to a limit order.

In Figure 2, after closing the candle penetration were installed 2 Sell-stop orders, which are open to the next bar, the price has not reached the level of open limit order. All three deals were closed on the 3rd TP!

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